Despite posting a 4 per cent increase in revenue to €15.6m for the third quarter of 2013, Germany’s mybet Holdings has lowered its expectations for the full year with revenue now expected to be between €70m and €75m.
The third quarter benefited from a strong performance from the company’s sports betting offering, which grew revenue by 31 per cent year-on-year to €8.0m.
Q3 and Year-to-Date 2013 Revenue
mybet said that both betting stakes and net gaming revenue (after [...]